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Assessment u/s. 153A can be made only on the basis of incriminating material found during search
Case Law Details
- Case Name
- Asstt. Commissioner of Income Tax, Vs Ms. Asha Kataria (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002- 03, 2003- 04 & 2006- 07
- Courts
- All ITAT, ITAT Delhi
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We have carefully considered the submissions and perused the records. We find that the value of the property in this case as reflected in the registered sale deed was Rs. 55,00,000/-. Reference u/s. 142A was made to the DVO by the Assessing Officer. DVO determined the value of the property at Rs. 70,36,700/- as against Rs. 55,00,000/- shown by the assessee. Hence, there was difference of Rs. 15,36,000/-. This was added to the income of the assessee. However, Ld. Commissioner of Income Tax (A) deleted the addition as there was no evidence of adverse material regarding payment of under hand co...
